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Amazon entering wireless mobile business would be ‘economically insane’, says analyst

Amazon entering wireless mobile business would be ‘economically insane’, says analyst

Amazon.com Inc. is famous for its appetite for entering new markets. But a report that it’s considering a foray into the wireless industry was a bridge too far for one Wall Street analyst.

The world’s largest online retailer is interested in purchasing prepaid wireless phone service Boost Mobile from Sprint Corp. and T-Mobile US Inc., Reuters said late Thursday, citing people familiar with the matter.

Google outage hits YouTube, Snapchat and other major services

Google outage hits YouTube, Snapchat and other major services

Congested Google servers in the eastern United States caused problems for users of Snapchat and YouTube on Sunday, with complaints on social media that the popular apps weren’t accessible. Google acknowledged the issue, writing in a statement on its Cloud Platform status page that it was dealing with “high levels of network congestion in the eastern USA, affecting multiple services in Google Cloud, G Suite and YouTube.”

Sensex jumps over 200 points ahead of RBI policy meet

Sensex jumps over 200 points ahead of RBI policy meet

The benchmark BSE Sensex rallied over 200 points in early trade Monday driven by gains in financial stocks ahead of the Reserve Bank's bi-monthly policy review.

The 30-share index was trading 203.82 points, or 0.51 per cent, higher at 39,918.02. Similarly, the broader NSE Nifty spurted 48.35 points, or 0.41 per cent, to 11,971.15.

Audi India slashes price of A3 Sedan

Audi India slashes price of A3 Sedan

To celebrate its fifth year anniversary on the Indian roads, Audi India has slashed the price of A3 Sedan by Rs 3.5 lakh to Rs 5 lakh. The Audi A3 Sedan is now available in India at a starting price of Rs 28,99,000.

Audi India is hoping to have an edge with this new pricepoint over rivals like the Mercedez-Benz, Toyota, etc in the luxury car segment.

Apollo Hospitals rallies 12% in two days on strong Q4 results

Apollo Hospitals rallies 12% in two days on strong Q4 results

Shares of Apollo Hospitals Enterprises surged 9 per cent to Rs 1,351 in intra-day trade on Monday, rallying 12 per cent in past two trading days on the BSE, after the company reported a more-than-doubled consolidated net profit at Rs 84.4 crore in March quarter (Q4FY19). The Chennai-based hospital chain had posted a profit of Rs 23.8 crore in the year-ago quarter.

Rupee opens 20 paise higher against US dollar as crude oil tumbles

Rupee opens 20 paise higher against US dollar as crude oil tumbles

The rupee on Monday opened 20 paise higher at 69.50 against the US dollar as crude oil prices slipped to multi-month lows on global recession fears. The domestic unit on Friday snapped its three-session losing streak to settle 17 paise higher at 69.70.

On Friday, data showed India’s economy grew at a slowest pace in more than four years at 5.8 per cent in the last quarter thereby raising prospects of a rate cut in the RBI scheduled this week. For the fiscal year that ended March 31st showed the economy grew at 6.8 per cent compared to estimates of 7 per cent.

Maruti reports 22 per cent drop in May sales at 1,34,641 units

Maruti reports 22 per cent drop in May sales at 1,34,641 units

New Delhi: The country's largest carmaker Maruti Suzuki India Saturday reported a 22 per cent decline in sales at 1,34,641 units in May.

The company had sold 1,72,512 units in May 2018, Maruti Suzuki India (MSI) said in a statement. Domestic sales declined by 23.1 per cent to 1,25,552 units as against 1,63,200 units in the year ago month, it added.

Sensex, Nifty end lower on global cues

Sensex, Nifty end lower on global cues

Benchmark indices slipped from higher levels to settle lower on Thursday as investors looked beyond positive political developments and weighed concerns around global trade war and macro-economic indicators.

In a highly volatile session, the benchmark BSE Sensex ended 118 points lower, dragged by losses mainly in auto and financial stocks.

GST collections in May at Rs 1 lakh cr

GST collections in May at Rs 1 lakh cr

GST collections touched Rs 1 lakh crore in May, as compared to Rs 94,016 crore in the year ago period, the government said Saturday.

The gross collection in May at Rs 1,00,289 crore is, however, lower than Rs 1,13,865 crore collected in April.

NASA plans to send equipment to Moon from 2020, first time since 1970s

NASA plans to send equipment to Moon from 2020, first time since 1970s

Washington: For the first time since the 1970s, the United States is planning to send equipment to the surface of the Moon in 2020 and 2021, in anticipation of a crewed lunar mission in 2024, NASA has said.

The US space agency has chosen American firms Astrobotic, Intuitive Machines and Orbit Beyond to send instruments and other scientific equipment to the Moon as part of the Artemis program.

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